Northwest & Ethical Investments L.P. Acquires 220,386 Shares of Xylem Inc. (NYSE:XYL)

Northwest & Ethical Investments L.P. lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 3,271.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,122 shares of the industrial products company’s stock after acquiring an additional 220,386 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Xylem were worth $26,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of XYL. Clear Creek Financial Management LLC grew its holdings in Xylem by 4.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 96 shares during the period. Bleakley Financial Group LLC boosted its position in Xylem by 2.3% in the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock valued at $913,000 after buying an additional 98 shares during the period. Mcrae Capital Management Inc. increased its stake in shares of Xylem by 2.9% during the 4th quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Xylem by 24.0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after buying an additional 101 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 0.4 %

NYSE XYL opened at $121.35 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a market capitalization of $29.49 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The stock’s 50-day moving average price is $125.07 and its 200-day moving average price is $126.33.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.